XML 101 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME      
Net Income $ 290.1us-gaap_ProfitLoss $ 245.7us-gaap_ProfitLoss $ 187.2us-gaap_ProfitLoss
Other comprehensive income:      
Foreign currency translation adjustment (64.4)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 11.5us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 18.5us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Unrealized gain (loss) on interest rate swaps:      
Unrealized loss arising during the period, net of tax benefit of $0.1,$0.3 and $2.1 respectively (0.2)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax (0.4)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax (3.2)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
Reclassification adjustment for loss included in floor plan interest expense, net of tax provision of $3.2, $2.9, $2.8, respectively 4.9us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax 4.4us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax 4.2us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
Unrealized gain (loss) on interest rate swaps, net of tax 4.7us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax 4.0us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax 1.0us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
Other adjustments to comprehensive income, net (6.5)pag_OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease 3.4pag_OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease (1.9)pag_OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease
Other comprehensive income (loss), net of taxes (66.2)us-gaap_OtherComprehensiveIncomeLossNetOfTax 18.9us-gaap_OtherComprehensiveIncomeLossNetOfTax 17.6us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive income 223.9us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 264.6us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 204.8us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
Less: Comprehensive income attributable to non-controlling interests 2.1us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest 2.0us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest 1.9us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
Comprehensive income attributable to Penske Automotive Group common stockholders $ 221.8us-gaap_ComprehensiveIncomeNetOfTax $ 262.6us-gaap_ComprehensiveIncomeNetOfTax $ 202.9us-gaap_ComprehensiveIncomeNetOfTax